(Business in Cameroon) - After their alliance which enabled them to win the concession contract for the management of the multi-purpose terminal in the deep water port of Kribi, in the southern region of Cameroon, things have deteriorated between the Cameroonian consortium KPMO and French operator Necotrans.
In a correspondence addressed to the Cameroonian administrative authorities, KPMO, a consortium gathering nine operators who cumulatively claim over 50% of the operations taking place in the port of Douala, in the economic capital of the country; denounces an attempt to break up the consortium by partner Necotrans, with hegemonic goals.
Indeed, while the group agreement signed between the two parties in 2013 makes provision for Necotrans to own 51% of shares in the company managing the multi-purpose terminal of the deep water port of Kribi, against 49% for the Cameroonian consortium KPMO; the French partner has supposedly started negotiations with members of the consortium in private, to create a separation in the group.
However, “this strategic change from the leader for evident hegemonic reasons is rejected by all members of KPMO, who have taken notice of the danger looming over their heads”, the members of the consortium, who are now awaiting the arbitration of the Cameroonian government, confided to Quotidien de l’Economie.
BRM